Anonymous
31 March 2017 at 13:44

Applicability of rs 2 lakh for cash

FOR APPLICABILITY OF TRANSACTION OF RS. 2 LAKH PER DAY INCLUDE SALES AND PURCHASE OR SERVICE GIVEN AND SERVICE RECEIVE ALSO IS INCLUDED IN CASH I IS TRUE OR NOT. FROM 1ST APRIL 2017. AND CASH IN TOTAL RECEIVED AND PAYMENT INCLUDE.



Anonymous
31 March 2017 at 13:02

Notice from it dept.

Sir,
Recently my wife received a notice for purchase of units of Mutual Fund for Rs. 4,20,000/- and for non-filing of return. Actually by tuition she accumulated 3,00,000 and it was invested in FD of SBI and this maturity value again has been invested in UTI . Her individual income is much less than 3 lacs as such she never needs to file return. What she should do now.

With regard,

Sudhir Saha


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Arvind sharma
31 March 2017 at 12:21

Tds on rent

an indivisual who is in tax audit receiving rent from 3 or 4 tenants for different places .
rent per person is not exceeding 1.8 lacs and those tenants are in tax audit too
so is it required by tenants to deduct tds on rent when making payment to indivisual as per sec. 194I


Rajendra Prasad
31 March 2017 at 12:05

Taxation of bitcoins(crypto currency)

How is tax being charged on the bitcoins(crypto currency) which is being available in India as per existing income tax laws and taxation on interest income on such coins? whether it is legal or illegal in India?


lucky
31 March 2017 at 11:51

Articleship transfer

My articleship has been started from 13/10/2016 and now I need to take transfer but my principal is not allowing me take transfer. Am I bound to work under her for the next 2.5 Years?
Is there any way that can help me in getting transfer?
Can I re-register myself under another CA for 3 years again wasting this served period?
Please guide me..I desperately need transfer at any cost.


Himanshu Yaduvanshi

I am a student of IPCC and eligible to give Nov'17 exams. My target is to crack both the groups in single attempt but due to my inefficiency I am not able to utilse my time to the best extend. The sad part is that I am not even revising regularly what is tought and not doing the homeworks but I am working regularly to improve them. So my main query is that: - What are the essential requisites, which must be done by a student while taking coaching classes? -How do people who score rank manage the study of all the subjects? -Should I continue with my aim to give both the groups or should I target on one at a time?


ahammed hussain
31 March 2017 at 11:38

Income applicable to service tax

Sir

A higher secondary school having all types of amenities like transportation,hostel,medical clinic, gymnenisem etc,what are items will come under service tax collectable...like Tution fee, Computer lab fee, Library fee, sports fee, Laboratory fee, examination fee, annual day fee, etc etc, could one please answer me, in detail.


George A J
31 March 2017 at 10:56

Gst migration error

Hi, I am logging into gst website for migration of service tax to GST. However it shows following error: "Your RC under is cancelled, therefore, your Provisional ID stands cancelled. Hence you are not permitted to migrate under GST" What does this mean? Please advice. Regards


Shashank Kiran
31 March 2017 at 10:53

Income tax return

MY SOURCE OF INCOME IS TUITION AND COACHING, WHICH ITR SHOULD BE FILE





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